After withdrawing their funds, one user celebrated that the "nightmare" was finally over for them.
Celsius, a bankrupt crypto lending platform, has granted qualified users full access to their frozen funds after over 300 days.
On May 4th, Celsius took to Twitter to reveal that after receiving court approval, certain users, mainly those with funds only in custody accounts, can now withdraw the remaining 6% of their distributable custody assets.
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Previously, these users were only able to withdraw up to 94% of their funds. This progress signifies a significant milestone in reimbursing Celsius customers who have been waiting since the company froze withdrawals in June 2022 and filed for bankruptcy in July.
Following Celsius' announcement, many users took to Twitter to reveal the delayed withdrawal attempts even when the funds were supposedly available. Some users claimed that their requests took days to process.
Other users shared their excitement, claiming that "this long nightmare is over for me." Other customers urged Celsius to open withdrawals for Earn account holders.
Celsius sought to merge its United Kingdom and United States entities in court filings, while its customers claimed the distinction between the two entities was a "sham."
In other Celsius-related news, the firm's founder and ex-CEO, Alex Mashinsky, is embroiled in a lawsuit filed by the New York Attorney General's office in January. Mashinsky filed a motion to dismiss on May 2nd, accusing the AG's case of echoing misinformation.
The recent development brings hope to affected Celsius users, as they can finally access their assets after a lengthy period of uncertainty.
